Life and health
The $4 billion fund that Apollo Global Management LLC is raising for Athene Holding Ltd. will allow Athene to pursue larger and more types of deals while freeing up capital to repurchase more shares, Athene executives said.
Brighthouse Financial Inc. President and CEO Eric Steigerwalt said his company's balance sheet is "well-protected" for a low-interest-rate environment.
Health Insurance Innovations Inc.'s initial re-entry into Medicare affected its second-quarter results, but management remains enthusiastic about its shift of focus after seeing the business exceed its targets so far.
MetLife Inc. subsidiary Metropolitan Life Insurance Co. will pay to settle the Environmental Protection Agency's claims of costs related to a site cleanup and resolve a lawsuit over its fiduciary duties under the Employee Retirement Income Security Act.
The path to full-year underwriting profitability for the general insurance business of American International Group Inc. has been smoothed by refinements in risk appetite and an acceleration in rate increases, AIG's President and CEO Brian Duperreault said during a second-quarter earnings call.
One of Hartford Financial Services Group Inc.'s top priorities after closing its purchase of Navigators Group Inc. is taking advantage of what executives see as a brightening picture in the specialty space.
Property and casualty
Argo Group International Holdings Ltd.'s board will propose amendments to the company's bylaws at the 2020 annual general meeting. The board plans to suggest decreasing its maximum size to 11 from 13, as well as starting a phased declassification process.
Berkshire Hathaway Inc. reported second-quarter net earnings attributable to shareholders of $14.07 billion, or $8,608 per class A equivalent share, up from $12.01 billion, or $7,301 per class A equivalent share, in the year-ago period.
Progressive Corp. will look to the small-fleet market as it seeks to expand its commercial lines auto insurance business, executives said during an investor event.
MBIA Inc. subsidiaries National Public Finance Guarantee Corp. and MBIA Insurance Corp. sued a number of major Wall Street banks for their alleged inequitable conduct in Puerto Rico's municipal market.
Liquidation or a large capital raise for Greenlight Capital Re Ltd. are "somewhere between very unlikely and remote at this stage," according to Chairman David Einhorn.
NAIC continues to defer discussion on CECL for statutory accounting
AIG's Duperreault tops list of highest-paid P&C, multiline insurer CEOs for '18
NAIC looks to model laws to smooth out LTC rate inconsistency across states
Auto insurance to remain near-term driver of US P&C industry results